November 7, 2012
Pallas Partners celebrated its 5th year anniversary today.
Formed on the eve of the Great Recession Pallas has forged a critical space in the regional economy of the communities it serves. The firm has grown from a one person consultancy to nine member organization that has been recognized by multiple organizations for its innovation and client success. The firm has evolved into a multi-service offering that includes strategic advisory, capital markets transactions, and workouts.
“We have truly been fortunate during our first 5 years”, said Matthew Saltzman, Managing Partner and CEO, “Our timing in launching Pallas in many ways could not have been more treacherous but on the other hand it was also the fortuitous. To launch a firm designed to assist companies that are struggling or looking to grow on the eve of the greatest financial crisis in a generation certainly created opportunities. The key was we had to perform and based on the results I couldn’t be happier with the results.”
As Pallas looks to the future initiatives will include an extension of the geographic regional footprint to include Cincinnati, Nashville, Indianapolis, and Lexington. The firm also has plans to extend its merchant banking activities and expansion into new markets such as healthcare. Regionalization, healthcare and capital formation are the key initiatives for the firm in the next 5 years.